Mining & Energy
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On the 13th and 14th of November, Hollard Mozambique attended the 2019 Mozambique Gas Summit & Exhibition at the Joaquim Chissano Conference Centre in Maputo. Alongside banks, petroleum companies, information & technology companies, and Hollard, that was the only insurer to be present.
The Mozambique Gas Summit was attended by both local and international companies from countries such as; South Africa, Kenya, Turkey, Italy, Portugal, United Kingdom, United States of America, Netherlands, Japan and Saudi Arabia, all with an interest in Gas and LNG projects in Mozambique.
A key highlight of the Summit is the exhibition that provides an opportunity for local and foreign companies to showcase products and services.
According to Kyle Bailey, who manages the underwriting for all the Performance Guarantees at Hollard Mozambique; “Many of the foreign exhibitors have not yet established a presence in Mozambique but are looking to enter the market. Of those that do have a local presence, quite a few are considering establishing branches in Pemba to be closer to the action.”
Hollard Mozambique exhibited to engage with local and foreign companies that are considering to establish themselves in the local market or who are already present in Mozambique, about their Employee Benefits offering and Specialist Insurance services.
Employee Benefits and Risk Management Services can be a critical component of the development of a company’s operator’s Health & Safety management system, as well as their local Occupational Regulations Compliance framework.
Mr. Bailey mentioned that; “Numerous companies expressed their interest in our Liability cover, Employee Benefits and Group Health cover. Financial Guarantees seemed to be of more interest to SADC registered companies for the following reasons: Companies are very interested in the ability to get guarantees issued in Mozambique. They are also interested in comparing insurance related guarantee facilities as opposed to bank guarantees.”
Hollard is one of the few local insurers offering Specialist Performance-related Guarantees in Mozambique supported by ‘A’-rated reinsurers.Source: Hollard Moçambique / Press Release
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